Singapore market showing signs of recovery

There is little doubt that the festive season along with the half days and public holidays are lowering the overall trade volume in the past week.

STI – Updated Weekly Chart

After marginally crossing 9 Week MA – 3220 with less than 50% of usual trade volume, we can be optimistic but next week’s market movements will confirm STI recovery or further its consolidation. Less can be mentioned in the coming week especially when STI will be resting another 1.5 days in the coming week. Stay tune more updates on trading ideas and market outlooks in January.

Author Call

• Maintain that STI will rally towards 3250 then 3280 (Limited by Bollinger upper limit)
• STI has much less trades done due to the festive period
• Market activity should rise once everyone is back in the market
• 2019 has been a good year in general for traders and it seems like it will continue for STI in 2020

Author Call (As of 22 December)

• Market is hovering around 9 MA at 3215
• Maintain that STI will rally towards 3250 then 3280 (Limited by Bollinger upper limit)
• Pumping of US cheap monies will likely benefit corps in SG who is related to US counterparts who can enjoy cheap loans
• Trade war shares are likely to continue rallying as tensions are alleviated
• Trump will continue to support economy and therefore will mellow down to maintain market stability for continued rallying

Special Thanks

Its not very appropriate to slot this into the STI market outlook but since its such a lean post, there is little harm in thanking people who are pertinent to the development of Loopholes Singapore.

Thank you to my dearest who is managing the site outlook that have garnered more praises than the actual posts itself. Big thank you to my subscribers who have provided valuable feedback and comments to enhance user experience and needs. We look forward to serve readers better in the new year. Thank you so much to everyone who have supported Loopholes Singapore in the last 4 months and 79 posts.

With that, I wish everyone a great 2020 ahead and we hope Loopholes Singapore will be even more useful for you guys for the next 365 days of saving and investing. Cheers.